China’s Success and Challenges of Digitalization in Foreign Trade

Yuri Anatolievich Savinov, Galina Aleksandrovna Orlova, Anna Vasilyevna Skurova and Evgenija Vadimovna Taranovskaja
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Yuri Anatolievich Savinov: Russian Foreign Trade Academy, Moscow, Russia
Galina Aleksandrovna Orlova: Russian Foreign Trade Academy, Moscow, Russia
Anna Vasilyevna Skurova: MGIMO-University, Moscow, Russia
Evgenija Vadimovna Taranovskaja: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2022, issue 12, 68-79

Abstract: In the article, the authors consider the key areas of China’s digital transformation, focusing on the development of foreign trade in digital goods. Among the main issues that may limit the country’s exports of its digital products to international markets, the latest measures of the US administration to restrict the supply of the most advanced microelectronic circuits and equipment for their production to China are analyzed. These restrictions, representing a shift away from the US commitment to free trade, could seriously disrupt the global value chains of the multinational companies acquiring Chinese microelectronic circuits and equipment to use in their production processes in China and other countries.

Keywords: China; digitalization of the economy; development of foreign trade in digital goods; US restrictions; supply to China; microelectronic circuits and equipment; production (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2022_12_68-79

DOI: 10.24412/2072-8042-2022-12-68-79

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